The 10 best money-saving tips for the holiday season

The holidays are a time for celebration and joy but can also be an expensive time. For this reason, we've put together 10 easy tips to help you save money during this holiday season.

1. Track your spending

Make a plan and stick to it! Planning your spending is key if you don’t want to stress out about money. Use a budget tracker, make a list (like Santa) & stay within your spending limit.

List on a notepad

2. Organize a Secret Santa

Instead of buying everyone gifts, organize a Secret Santa. Then you'll have a set budget, and you only have to buy something for the person you've drawn. With drawnames' Secret Santa generator, you can draw names easily.

Secret Santa gift

3. Give practical presents

Ideally, the perfect gift is something they'll use and not end up in the closet. Choose practical gifts you know they will enjoy! Things like socks, shower gel, towels etc. The drawnames gift finder lets you select the perfect gift for any family member, friend or colleague in the right price range.

A sock with a bow

4. Exchange wish lists

The best gifts are those that are wished for and our survey showed that 33% of respondents find it useful when someone has a wish list. You can get someone something they'll love by exchanging a wish list instead of guessing or spending money on something they don't want.

Christmas wish list

5. Get crafty and make gifts yourself

If you're looking for something personal and memorable, why not make your own? Pinterest is full of craft ideas, from homemade soap to personalized jewellery. You can even make your own wrapping paper! The fun part is that you can tailor your gifts to suit the person you're buying them for.

DIY Holiday gifts

6. Regift

Perhaps you still have leftover gifts from last year or a gift certificate that is still valid. Just make sure to read up on these rules before giving them as a gift - because it could be awkward if you give it to the person who gave it to you.


7. Swap or rent clothes

Clothing swaps and rentals are smart ways to save money and be eco-friendly. You may be able to exchange clothes with family and friends or rent the outfit of your dreams instead of buying it.

Women swapping clothes

8. Make a shopping list for holiday food items

It's dangerous to shop when you're hungry and unprepared. Easy tip: make a shopping list and stick to it. Supermarkets work very hard to get you to buy on impulse, so creating a list helps you avoid extra purchases.

Holiday shopping list

9. Organize a potluck dinner

Your holiday dinner will be more affordable if you host a potluck dinner. Let your guests bring food and drinks too. It's a great way to get together, share everyone's favorite dishes, and save money!

A table with multiple different dishes

10. Reuse wrapping paper

If you have leftover holiday wrapping paper from last year, use it this year, or choose neutral wrapping paper like brown packing paper. Brown paper is cheap, and you can also decorate it with glitter, ribbons, and stamps to make it more festive.

Gifts with brown wrapping paper

We hope these tips inspire you to enjoy the holiday season more, even if you're on a budget.

Start drawing names

PS: Do you have any #savingtips for the holidays? We'd love to hear your ideas! Send us an email at, tweet @drawnames or message us on Facebook.